d higher funding costs. Company-specific news added to the slump in riskier corners: Robinhood slid after results missed expectations, Coinbase fell after an analyst cut its price target, and specialty lender Sound Point Meridian dropped after posting a quarterly loss.

Why should I care?

For markets: Rates are still driving the narrative.

Moves in the 10-year yield can quickly reshuffle winners and losers across banks, homebuilders, and crypto-linked stocks. When yields climb, investors tend to pay up for steadier cash flows and punish businesses tied to trading activity or risk appetite, like some fintech and crypto platforms. Until rate-cut expectations firm up, these high-beta pockets may keep reacting sharply to every jobs and Source link